Malaysia's mobile operators agree to share national 5G infrastructure

Four mobile operators – Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, YTL Communications Sdn Bhd (YES), and Telekom Malaysia Bhd (TM – agreed to take up equity stakes in Malaysials Digital Nasional Berhad (DNB). The deal paves the way for DNB to accelerate deployment of the 5G network and infrastructure, with a target of 80% coverage of populated areas by 2024.Together, the four operators will hold 65% equity in DNB, with their respective...

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Arista posts record revenue of $1.2 billion, up 57% yoy

Arista Networks reported Q3 revenue of $1.177 billion, an increase of 11.9% compared to the second quarter of 2022, and an increase of 57.2% from the third quarter of 2021. GAAP gross margin was 60.3%, compared to GAAP gross margin of 61.2% in the second quarter of 2022 and 63.9% in the third quarter of 2021. Non-GAAP net income was $391.9 million, or $1.25 per diluted share, compared to non-GAAP net income of $236.9 million, or $0.74 per diluted...

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Far North Fiber advances plans for arctic cable from Europe to Asia

Far North Fiber, an international consortium consisting of  Finland’s Cinia Oy, Alaska’s Far North Digital and Japan’s ARTERIA Networks Corporation, is moving ahead with plans for a 17,000 km Trans-Arctic Fiber cable connecting Japan, North America, and Ireland and Scandinavia.Far North Fiber estimates the system will be ready for service by the end of 2026. Alcatel Submarine Networks (ASN) has been selected to build and install the submarine...

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Egypt inaugurates Red2Med cable along west bank of Suez

 Last week, Telecom Egypt's CEO and Managing Director, Adel Hamed, along with Egyptian government officials officially inaugurated “Red2Med,” a new submarine and terrestrial cable running from the Ras Ghareb landing point in the Red Sea to the landing station in Port Said in the Mediterranean Sea through Internet Corridor of Egypt (ICE).Red2Med is composed of three segments which are detached from the conventional public roads: from the south...

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TAWAL to provide infrastructure for King Abdullah Economic City

TAWAL, the leading Saudi ICT Infrastructure company, will provide ICT infrastructure for King Abdullah Economic City.These solutions will improve the efficiency of KAEC’s telecommunications network through the application of best practices and international standards.Under the stipulations of the strategic agreement, TAWAL will acquire all the towers owned by the city, as well as the In-Building Solutions (IBS). TAWAL will manage and operate these...

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Rogers + Shaw deal hits further regulatory snag

Quebecor, Rogers Communications, and Shaw Communications issued the following statement late last week after a mediation session as part of Canada's Competition Tribunal process failed to reach an agreement that would allow the Rogers + Shaw merger to proceed:"“The mediation did not yield a negotiated settlement.  We are disappointed with this outcome and believe that litigation is both unnecessary and harmful to competition. The Bureau’s unwillingness...

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Rambus posts strong Q3, exceeding guidance

Rambus posted Q3 GAAP revenue of $112.2 million, with licensing billings at $62.2 million, product at was $58.6 million, and contract and other revenue of $23.7 million. The company also generated $80 million in cash provided by operating activities in the third quarter.“Rambus had an excellent performance in the third quarter, exceeding guidance and delivering record cash and product revenue,” said Luc Seraphin, chief executive officer of Rambus....

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Cinchy raises $14.5m for enterprise data management

Cinchy, a start-up based in Toronto,  raised US$14.5 million in Series B financing, for its data fabric and data mesh solutions for enterprises.“Our mission is to liberate and harness the power of data, giving it back to teams and organizations to accelerate digital transformation and growth,” said Dan DeMers, CEO and co-founder of Cinchy. “We’re thrilled to partner with the team at Forgepoint Capital, which uniquely appreciates the importance...

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